Daily Archives: 21, March 2024

Siemens AG to Acquire ebm-papst’s Industrial Drive Technology Business

(IN BRIEF) Siemens AG announces its acquisition of ebm-papst’s industrial drive technology (IDT) business, which specializes in intelligent, integrated mechatronic systems for various applications, including free-range driverless transport systems. This strategic move, involving around 650 employees, aims to enhance Siemens’ … Read the full press release

BBVA Foundation and Salt Collaborate to Empower Turkish Artists

(IN BRIEF) The BBVA Foundation and Salt, in partnership with Garanti BBVA, are launching the Salt Artistic Research and Production Grant Program, aimed at Turkish artists exploring contemporary social issues through interdisciplinary approaches. This two-year initiative offers selected artists a … Read the full press release

Douglas AG Enters Prime Standard of Frankfurt Stock Exchange

(IN BRIEF) Douglas AG (ISIN: DE000BEAU7Y1) marks a significant milestone as it joins the Prime Standard of the Frankfurt Stock Exchange, commencing trading with an initial listing price of EUR 25.50. The company’s IPO, led by Citigroup, Goldman Sachs, and … Read the full press release

Loughborough University Shines as Host of Thrilling BUCS Big Wednesday

(IN BRIEF) Loughborough University recently hosted the British Universities and Colleges Sport (BUCS) “Big Wednesday” event, drawing over 2,000 student-athletes, coaches, and spectators. The campus buzzed with excitement as athletes competed in 16 different sports across 57 finals. Loughborough emerged … Read the full press release

Loughborough University’s Innovation Triumphs Recognized at Awards Ceremony

(IN BRIEF) Loughborough University’s dedication to research and innovation shines as it clinches three awards at the prestigious Leicestershire Innovation Awards ceremony. Held at the university’s SportPark Pavilion 4, which boasts Passivhaus Sustainability status, the event celebrated groundbreaking initiatives across … Read the full press release

NORMA Group Recognized for Outstanding Occupational Safety Management

(IN BRIEF) NORMA Group, headquartered in Maintal, Germany, has been acknowledged for its exemplary commitment to employee safety by the independent rating agency Sustainalytics. The company’s occupational safety management played a pivotal role in achieving a “Top Industry Rated” status, … Read the full press release

ABL Group ASA Launches Share Repurchase Plan to Meet Financial Commitments

(IN BRIEF) ABL Group ASA (ticker: ABL) has announced the commencement of a share buyback program, aiming to repurchase up to 250,000 of its own shares, representing approximately 0.2% of the outstanding share capital. The program, authorized by the Board … Read the full press release

Metso Launches Largest Global Service Center in Karratha, Western Australia

(IN BRIEF) Metso, a leading provider of sustainable solutions for the mining and aggregates industries, has inaugurated its largest service center globally in Karratha, Western Australia. With an investment of approximately EUR 32 million, this expansive facility spans 35,000 m² … Read the full press release

Kuehne+Nagel Unveils Cutting-Edge Fashion Hub in Piscataway, NJ

(IN BRIEF) In a strategic move, Kuehne+Nagel, a global logistics giant, has revealed plans for a state-of-the-art contract logistics fulfillment center in Piscataway, New Jersey. Spanning 100,000 sq. ft., this facility, positioned near the company’s existing luxury retail fulfillment center, … Read the full press release

Iberdrola and Amazon Partner to Procure Renewable Energy from East Anglia THREE Wind Farm

(IN BRIEF) Iberdrola and Amazon strengthen their global renewable energy partnership with a new Power Purchase Agreement (PPA) for 159 MW of clean electricity from the East Anglia THREE offshore wind farm in the UK. This agreement expands Amazon’s commitment … Read the full press release

Kingfisher Expands Marketplace to Castorama France, Enhancing Home Improvement Offerings

(IN BRIEF) Kingfisher announces the launch of a home improvement e-commerce marketplace at Castorama France, marking another milestone in its marketplace expansion strategy. With over 500,000 new products from third-party merchants, Castorama customers will enjoy a sevenfold increase in product … Read the full press release

UniCredit Debuts “Uni Sonos” at Milan Design Week 2024, Celebrating Women’s Empowerment and Creativity

(IN BRIEF) UniCredit unveils its collaboration with Arena di Verona and Studiopepe at Milan Design Week 2024 with “Uni Sonos,” a groundbreaking installation celebrating women’s empowerment, diversity, and creativity. Featuring costumes from the 100th Arena di Verona Opera Festival, the … Read the full press release

UniCredit Joins Venice Sustainability Foundation as Co-Founding Member

(IN BRIEF) UniCredit has announced its partnership with the Fondazione Venezia Capitale Mondiale della Sostenibilità (Venice Sustainability Foundation), becoming a co-founding member. With a commitment to fostering sustainability in Venice and its metropolitan region, UniCredit aims to address the complex … Read the full press release

Pirelli Provides Standard Allocation for Moto2™ and Moto3™ Teams at Portuguese Grand Prix

(IN BRIEF) Ahead of the Grande Prémio de Portugal at the Autódromo Internacional do Algarve, Pirelli has announced that Moto2™ and Moto3™ riders will rely on the standard tyre allocation for the 2024 season. The challenging layout of the Portimão … Read the full press release

Infineon and Ekkono Collaborate to Enhance Automotive AI Development with AURIX Microcontrollers

(IN BRIEF) Infineon Technologies AG and Ekkono Solutions have joined forces to address the unique challenges faced by automotive component suppliers and OEMs in ensuring optimal vehicle performance and safety. Leveraging Infineon’s AURIX™ microcontroller family, Ekkono offers a sophisticated software … Read the full press release

ZF Wind Power Boosts European Green Energy Drive with Serial Production Expansion

(IN BRIEF) ZF Wind Power is ramping up its production capabilities in response to the surging demand for wind energy in Europe. With 18.3 GW of new wind turbines installed in 2023 and projections indicating rapid growth, ZF is strategically … Read the full press release

Navigating Tomorrow: MAPFRE Explores Four Scenarios for Society Embracing Generative AI

(IN BRIEF) MAPFRE, a prominent insurance company, delves into the potential societal impacts of Generative Artificial Intelligence (Generative AI) by outlining four plausible scenarios for 2029. These scenarios range from a transformational society with ubiquitous Generative AI adoption to a … Read the full press release

Borealis-backed Project STOP: Transforming Waste Management in Banyuwangi, Indonesia

(IN BRIEF) Project STOP, a collaboration between Borealis and Systemiq, has achieved significant milestones in its mission to improve waste management in Indonesia. Since its inception, over 400,000 individuals have gained access to waste services, leading to the collection of … Read the full press release

SIX Bolsters Global Benchmark Platform Through Strategic Investment in BITAv

(IN BRIEF) SIX, a prominent financial information provider, has announced a strategic investment in BITA, a leading indexing technology and services provider, alongside existing shareholders ETFS Capital, Volta Ventures, and Pamica NV. Recognizing the increasing demand for customizable investment solutions, … Read the full press release

ProCredit Group Reports Strong Financial Performance for 2023, Focuses on Sustainable Growth

(IN BRIEF) ProCredit Group, predominantly active in South Eastern and Eastern Europe, unveils a robust financial performance for the year 2023, reporting a net profit of EUR 113.4 million with a return on equity (RoE) of 12.2%. Operating income surged … Read the full press release

ProCredit Group’s Sustainable Growth: Impact Report 2023 Reveals Climate Commitment and Social Progress

(IN BRIEF) ProCredit Group, with a focus on South Eastern and Eastern Europe, unveils its Impact Report for the 2023 financial year, showcasing its robust commitment to sustainability. The report highlights achievements such as the inauguration of the “ProEnergy” solar … Read the full press release

Sky Extends Partnership with Irish National Teams: A Milestone for Football Equality

(IN BRIEF) Sky and the Football Association of Ireland (FAI) have announced the extension of their partnership, making Sky the Primary Partner for both the Republic of Ireland Women’s National Team and the Men’s National Team until 2028. This groundbreaking … Read the full press release

Thales and DGAC Launch World’s First Solar-Powered Air Traffic Control Radar in Chile’s Atacama Desert

(IN BRIEF) Chile’s General Directorate of Civil Aeronautics (DGAC) and Thales, a global technology leader, have unveiled the world’s inaugural 100% solar-powered air traffic control radar station in Chile’s Atacama Desert. Combining Thales’ advanced STAR NG primary radar and RSM … Read the full press release

Thales Launches TopSky – ATC Upgrade and Alliance One Initiative for Enhanced Air Traffic Management

(IN BRIEF) Thales, a leader in advanced technologies, has unveiled the TopSky – ATC upgrade, aimed at tackling the challenges of modern air traffic management (ATM). Through Alliance One, Thales is fostering collaboration among product users, facilitating safer and more … Read the full press release